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UK property development has been given an ethical boost with the launch of Autarky Sukuk, a programme of asset-backed securities that comply with Sharia principles.Autarky Capital Sukuk Plc, a type of asset-based security structured along Sharia finance values, aims to provide a choice for high-net-worth and sophisticated investors looking for an ethical way to generate returns. According to the founders, the proceeds from investments in the Sukuk will enable Autarky to supply funding to provide capital for the purchase, refurbishment or development of residential or commercial properties in the UK. Autarky intends to partner with external organisations and, through...

There will be no big bonfire of regulations post-Brexit when it comes to UK financial services, the public affairs director for Pimfa has said.Simon Harrington was speaking at FTAdviser's Financial Advice Forum 2023, in conversation with Carmen Reichman, FTAdviser's multimedia editor.He said the announcement of the Treasury’s Financial Services and Markets Bill in 2022 marked a significant step forward in the UK government’s implementation of a post-Brexit regulatory framework.However, he assured the audience that the advice profession did not need to fear a complete unravelling of the EU regulations that have...